Welcome to Dialogica - a socialist libertarian-inspired counter-narrative deriving from my PhD research on neoliberal utopianism, titled “The Age of Ghost-Modernism”. Please note that the original articles (accessible by clicking on their title) do not necessarily represent my POV!

24 Apr 2010

He and other company officials have been named in two new lawsuits filed on Thursday.

The cases are related to fraud allegations brought last week by the US federal government.

These latest complaints were filed in the New York State Supreme Court. Two shareholders accuse them of breaching their fiduciary duties.

They say the executives did this by allowing Goldman's to enter into a series of transactions, known as Abacus, involving investments tied to subprime mortgages. Abacus was the subject of a civil fraud lawsuit filed against Goldman on 16 April by the US financial watchdog, the Securities and Exchange Commission.